Zortek Corp. budgets production of 480 units in January and 280 units in February. Each finished unit requires one pounds of raw material Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials Inventory has 130 pounds of Z. Prepare a direct materials budget for January. ZORTEK CORP. Direct Materials Budget For Month Ended January 31 Budget production (units) Matenals needed for production (lbs) Total materials requirements (lbs) units bs lbs bs lbs. bs Materials to be purchased (lbs) Total cost of direct materials purchases lbs per ib